M

Mr._Clark

Audioholic Samurai
The reporting by various news websites right now is somewhat interesting. The lead on most is the stock market crash.

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But, over on Foxnews.com, Trump is crossing the aisle and taking a victory lap with democrats:

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Granted, foxbusiness is running a story on the stock market, but it's effectively buried

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j_garcia

j_garcia

Audioholic Jedi
And that is why the price of gold soared and will no doubt continue to climb. Trumphole thinks he knows what he is doing, but the companies and people he is trying to "save" with those manufacturing jobs are going to go bankrupt LONG before those jobs and factories appear.
 
D

dlaloum

Senior Audioholic
Afraid Putin will escalate war and/or does business within Russia?
Trump has a long history of doing business with Russia (or rather, Russian Oligarchs) - wouldn't want to harm the goose with the golden eggs.... of course that is his personal business, but figuring out how much he cares beyond his personal business is always a frought and difficult endeavour.
 
Cos

Cos

Audioholic Samurai
Sorry Trump is a Moron. Time to buy electronics is now LOL, they are going to be 34% higher soon lol
 
Verdinut

Verdinut

Audioholic Spartan
Sorry Trump is a Moron. Time to buy electronics is now LOL, they are going to be 34% higher soon lol
It's rather a 54% tariff because the 34% is added to the first 20% tariff for Chinese products.
 
D

Dude#1279435

Audioholic Warlord
Trump has a long history of doing business with Russia (or rather, Russian Oligarchs) - wouldn't want to harm the goose with the golden eggs.... of course that is his personal business, but figuring out how much he cares beyond his personal business is always a frought and difficult endeavour.
Someone made the comment that in a Trump Hotel you can find a lot of gold. Russian oligarchs like that.
 
D

Dude#1279435

Audioholic Warlord
What TYT believes the reasoning is....

1. Trump loves tariffs and believes we can eliminate the income tax with them.
2. There have been no consequences in the past for his tariffs.
3. This is all an excuse to cut taxes by trillions for corporations and the wealthy.


The video at the end has a handful of examples Trump stating basically America's golden era was 1789-1913.
 
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j_garcia

j_garcia

Audioholic Jedi
He can cut taxes, but it won't stop the bleeding. It will help corporations and the rich and hurt everyone else. Exactly what the billionaire bros wanted and why they backed him.

What they are REALLY doing is, crashing it so those bros can reinvest and then they will pull it back a bit and make even more money.

China just imposed a 34% tariff on US products.
 
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M

Mr._Clark

Audioholic Samurai
The markets continue to crash.

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And Trump says he's not budging:

>>>Trump tells investors coming to US: "My policies will never change"
From CNN’s Kit Maher
President Donald Trump is telling investors coming to the United States that his “policies will never change,” after announcing sweeping tariffs that have sent the stock market into a tailspin.

This is a signal from Trump that he is standing firm in his 10% baseline tariffs on imports from all countries, with higher tariffs on 60 countries that have a high trade deficit with the United States.<<<


What a nightmare. Congress sits on its hands while Trump drives the country off a cliff.
 
M

Mr._Clark

Audioholic Samurai
JP Morgan is now estimating there's a 60% chance of a recession.

>>>JPMorgan’s economics team has just raised their recession probability to 60% following the aggressive tariff stance announced by U.S. President Donald Trump.

In a note entitled, “there will be blood,” chief economist Bruce Kasman and his team said this year’s 22-percentage tariff increase amounts to the largest tax hike since 1968.

“The effect of this tax hike is likely to be magnified — through retaliation, a slide in U.S. business sentiment, and supply chain disruptions. The shock is likely to be only modestly dampened by the flexibility tariff hikes afford for further fiscal policy easing,” they say.<<<


They are also predicting slower economic growth:

>>>Using an International Monetary Fund model of a U.S. 20% tariff hike as well as retaliation from China and Europe, the researchers say it will reduce U.S. gross domestic product by about 2 percentage points and global GDP by 1 point.<<<

Again, what a nightmare.
 
H

highfigh

Seriously, I have no life.
This is a good example (image taken from https://forests.org/so-how-much-forest-is-there-in-the-us-and-canada/). Trump says the U.S. does not need Canadian lumber. I beg to differ. Construction lumber comes from coniferous forests. In addition, those trees grow more slowly in Canada due to the northern climate. That makes the growth rings form closer together making the wood stronger. American builders prefer Canadian lumber for a good reason. It's a better product and chanting MAGA won't change how the trees grow.

Trump says that he will promote wood harvesting in the U.S. Where is most of that wood? It's in your national parks! He's already dismantling the EPA and forestry service. It's only a matter of time before the feds issue permits for remote regions in your national forests, and mining permits won't be far behind. There are plenty of documentaries about mining companies wanting to go after ore in environmentally sensitive areas.

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I've seen documentaries about the previous century when politicians realized the importance of having these fabulous wilderness areas available to the public and how the national parks were established. Once you permit clear-cutting and mining in these regions, the damage will be done. Canadians have had their share of protests to protect similar regions with a fair bit of success. I wonder if we'll see the same thing transpire in the U.S. in the near future.
IF they only cut fire breaks and sections that aren't contiguous, they'll be able to prevent huge wildfires and in the cut areas, new trees can be planted, to keep the forests growing. If they mix species, it will be best so blights won't decimate the new crop. The waste due to wildfires is criminal,. IMO.
 
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